The Federal Government has announced the disbursement of N493 billion to more than five million households across Nigeria, in a major push to reduce poverty and provide economic relief amid rising living costs.
The Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Yusuf Sununu, disclosed this on Thursday, noting that the intervention is part of the administration’s broader social protection strategy.
According to the Minister, the funds were distributed under various components of the National Social Protection Scheme, including:
Conditional cash transfers
Livelihood support packages
Basic income grants
The initiative prioritises vulnerable groups such as households headed by women, children, the elderly, and persons with disabilities.
Dr. Sununu stressed that the programme is in line with President Bola Tinubu’s Renewed Hope Agenda, which seeks to lift millions of Nigerians out of poverty through targeted interventions and empowerment initiatives.
“We are committed to ensuring that no Nigerian is left behind in our nation’s development journey. Through targeted interventions and the use of digital payment systems, we are promoting transparency, accountability, and direct impact,” he said.
The government also pledged to expand the programme’s reach in the coming months to support more households and strengthen Nigeria’s economic resilience.
